John Hussman

John Hussman

Last Update: 08-01-2017

Number of Stocks: 191
Number of New Stocks: 28

Total Value: $451 Mil
Q/Q Turnover: 28%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

John Hussman' s Profile & Performance

Profile

Dr. Hussman is the president and principal shareholder of Hussman Strategic Advisors, the investment advisory firm that manages the Hussman Funds. He is also the President of the Hussman Investment Trust. Dr. Hussman manages Hussman Strategic Growth Fund, which invests primarily in U.S. stocks, and Hussman Strategic Total Return Fund, which invests primarily in U.S. Treasury and government agency securities.

From the fund inception in July 2000 to Oct. 31, 2008 , his Hussman Strategic Growth Fund averaged 9.9% a year, and has a cumulative gain of 118%, while the S&P500 lost more than 23%. For the 12 months ended Oct. 31, 2008 , his fund lost 0.3%, while the S&P500 lost more than 40%.

Prior to managing the Hussman Funds, Dr. Hussman was a professor of economics and international finance at the University of Michigan . His academic research centers on market efficiency and information economics. Dr. Hussman holds a Ph.D. in economics from Stanford University (1992), and two degrees from Northwestern University : a Masters degree in education and social policy (1985) and a bachelors degree in economics (1983, Phi Beta Kappa).

Web Page:http://hussmanfunds.com/

Investing Philosophy

Dr. Hussman looks at two dimensions of information to adjust his willingness to take risk. The first is valuation. F avorable valuation means that stock prices appear reasonable in view of the stream of earnings, dividends, revenues and cash flows expected in the future. The second dimension is the quality of market action . Market action considers the behavior of a wide range of securities and industry groups, in an attempt to assess the economic outlook of investors and their willingness to accept market risk.

These two dimensions of information make up four basic "Market Climates" associated with various combinations of valuation and market action. For stocks, in order of most favorable to least favorable, these Climates are: favorable valuation / favorable market action, unfavorable valuation / favorable market action, favorable valuation / unfavorable market action, and unfavorable valuation / unfavorable market action.

In the most favorable Climates, Dr. Hussman will typically hold an aggressive allocation to market risk, while in the least favorable Climates, he will typically attempt to remove the impact of market fluctuations from the portfolio through hedging (Strategic Growth Fund) or reduction in the average maturity of bond holdings (Strategic Total Return Fund). The most defensive position is a fully hedged position in which the entire value of long positions is hedged.

Dr. Hussman writes a weekly commentary which provides deep insight about current stock market valuations and actions. We strongly encourage our users to read them. As of Nov. 23, he thinks that the market is at favorable valuation level but unfavorable market actions. He is 65% hedged with his equity portfolio.

Total Holding History

Performance of Hussman Strategic Growth Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
2016-11.4911.96-23.4
2015-8.41.38-9.8
2014-8.513.69-22.2
3-Year Cumulative-25.8 (-9.5%/year)29 (8.9%/year)-54.8 (-18.4%/year)
2013-6.6232.39-39.0
2012-12.6216-28.6
5-Year Cumulative-39.5 (-9.6%/year)98.2 (14.7%/year)-137.7 (-24.3%/year)
20111.642.11-0.5
2010-3.6215.06-18.7
20094.6326.46-21.8
2008-9.02-3728.0
20074.165.49-1.3
10-Year Cumulative-41.2 (-5.2%/year)95.7 (6.9%/year)-136.9 (-12.1%/year)
20063.5115.79-12.3
20055.714.910.8
20045.1610.88-5.7
200321.0828.68-7.6
200214.02-22.136.1
15-Year Cumulative-6.6 (-0.5%/year)164.2 (6.7%/year)-170.8 (-7.2%/year)
200114.67-11.8926.6
200016.4-9.125.5

Top Ranked Articles

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Hussman Gains Qualcomm, Dollar Tree, Lululemon in 3rd Quarter The guru’s top 3 new holdings
John Hussman (Trades, Portfolio), the founder and president of Hussman Strategic Advisors, acquired 39 new holdings in the third quarter. His top three new holdings are Qualcomm Inc. (NASDAQ:QCOM), Dollar Tree Inc. (NASDAQ:DLTR) and Lululemon Athletica Inc. (NASDAQ:LULU). Read more...
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Hussman Strategic Advisers founder John Hussman (Trades, Portfolio) established 28 new stakes during the quarter, 10 of which were in technology companies. Read more...
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Commentaries and Stories

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John Hussman: The Next Market Collapse Will Be Much Worse Credited with predicting the 2000 and 2008 market collapses, Hussman says losses next time could be even worse than 2008 because of underlying weaknesses in the economy John Hussman - John Hussman: The Next Market Collapse Will Be Much Worse
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John Hussman: Hedging and Opportunity Costs This guru is one of the most knowledgeable practitioners of value investing, yet unitholders in his flagship fund are suffering major opportunity costs John Hussman,Prem Watsa - John Hussman: Hedging And Opportunity Costs
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Forester Value Fund 3rd Quarter Update CIO and Portfolio Manager Tom Forester looks at how despite the two hurricanes in Houston and Florida producing devastating losses, they should ultimately be catalysts John Hussman - Forester Value Fund 3rd Quarter Update
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John Hussman Exits Ebix and Amazon, Sells Mattel Guru's largest sales of the 2nd quarter John Hussman,Chuck Royce,Paul Tudor Jones,Jim Simo - John Hussman Exits Ebix And Amazon, Sells Mattel
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John Hussman Adds to Gold Holdings The guru's largest 2nd-quarter buys John Hussman - John Hussman Adds To Gold Holdings
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John Hussman Invests Heavily in Technology in 2nd Quarter The guru established stakes in 10 technology companies John Hussman - John Hussman Invests Heavily In Technology In 2nd Quarter
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Will Urban Outfitters Stock Outperform After March 7? Urban has a portfolio of brands and an incredible opportunity to expand its global reach. Jim Simons,John Hussman - Will Urban Outfitters Stock Outperform After March 7?
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A Worldwide Fashionable Brand for Income Investor The company is taking new risks in its expansion plans but it is paying high dividends Chuck Royce,John Hussman - A Worldwide Fashionable Brand For Income Investor
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Jeremy Grantham Trims Consumer Defensive and Technology Empire Guru reduces 4 positions Jeremy Grantham,John Hussman - Jeremy Grantham Trims Consumer Defensive And Technology Empire
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John Hussman (Trades, Portfolio), the founder and president of Hussman Strategic Advisors, acquired 39 new holdings in the third quarter. His top three new holdings are Qualcomm Inc. (NASDAQ:QCOM), Dollar Tree Inc. (NASDAQ:DLTR) and Lululemon Athletica Inc. (NASDAQ:LULU). More...

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Guru John Hussman (Trades, Portfolio) increased his stake in Infosys (NYSE:INFY) by 7042.86%, adding an additional 493,000 shares of the company to his portfolio during the second quarter. The addition had a 1.34% impact on the guru’s portfolio. Hussman now owns 500,000 shares of the company. More...

TRADES, BUY, HUSSMAN, TECHNOLOGY


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John Hussman Cuts Xilinx, Kroger Guru's largest 2nd quarter sales John Hussman - John Hussman Cuts Xilinx, Kroger
John Hussman (Trades, Portfolio) is the president and principal shareholder of Hussman Strategic Advisors, the investment advisory firm that manages the Hussman Funds. The guru’s largest second quarter sales are as follows: More...

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